.......An expert committee on the short-term CCS, set up by Reserve Bank of India under NABARD Chairman Prakash Bakshi, had proposed that PACS may function as business correspondents (BC's) of CCBs among other recommendations. The NABARD's circular comes in line of the apex bank's advice to it on the issue. As per the committee report, with commercial banks stepping up their agri-financing from 2001 onwards, and especially from 2003-04 onwards when 'doubling the agricultural credit' campaign started, commercial banks today provide almost three-fourths of the total agricultural credit in the country with RRBs providing another 10 per cent or so..........
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